debt
confidence high
sentiment negative
materiality 0.70
Unisys prices $700M 10.625% senior secured notes due 2031; launches tender offer for $485M 6.875% notes
UNISYS CORP
- $700M of 10.625% Senior Secured Notes priced at par, due 2031; closing expected June 27, 2025.
- Concurrent tender offer for all $485M of 6.875% Senior Secured Notes due 2027, plus consent solicitation to amend indenture.
- Net proceeds used to refinance existing notes, partially fund U.S. pension plan, and for general corporate purposes.
- Notes are senior secured, guaranteed by material domestic subsidiaries, secured by substantially all assets.
- Interest rate of 10.625% is significantly higher than the 6.875% rate on existing notes.
item 7.01item 9.01